Canada Revenue Agency Mileage Rate 2024. The cra mileage rate for 2024 is: The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles will increase.
Here’s a breakdown of the recent revisions: For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70.